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ONGC stake sale News

ONGC stake sale

09 Oct 2017

ONGC may sell IOC stake to LIC in block deal

ONGC has already secured shareholder nod to raise up to Rs 25,000 crore debt, he said, adding that the company had about Rs 10,000 crore of cash in hand.

28 Sep 2017

ONGC may sell IOC, GAIL stakes to fund HPCL acquisition

He ruled out making an open offer to minority shareholders of HPCL post acquiring government's 51.11 per cent stake.

08 Jan 2015

Govt looks at divestment in oil PSUs, new subsidy sharing way

With disinvestment in ONGC stuck due to subsidy woes, the government is looking at selling stake in other oil PSUs like Oil India Ltd (OIL) and gas utility GAIL India to meet its revenue targets.

05 Nov 2014

Govt plans $2.8 bn ONGC stake sale by early Dec: Sources

The government is planning to sell a 5 percent stake in state-run energy explorer Oil and Natural Gas Corpin the last week of November or the first week of December, two sources directly involved in the deal said on Wednesday.

20 Aug 2014

14 merchant bankers line up for managing ONGC stake sale

As many as 14 merchant bankers, including Citigroup Global, Barclays Plc and Morgan Stanley, have made a beeline for managing the 5 percent stake sale of ONGC, which could fetch over Rs 17,000 crore to the exchequer.

Department of Disinvestment

16 Jul 2014

DoD to appoint merchant bankers for ONGC stake sale

The Department of Disinvestment has kickstarted the process of 5 percent stake sale in ONGC and invited bids for appointing merchant bankers to manage the share sale, which could fetch over Rs 17,700 crore to the exchequer.

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